 | Mississippi General Financial Power of Attorney Form |
The Mississippi general financial power of attorney form is a legal document that will permit a Principal to delegate an Agent to whom they would transfer unlimited powers over the Principal’s financials in the event of absence or illness. This document will become effective at the time that the Principal completes and submits signature and notarization of the document, unless otherwise stated in writing by the Principal.
The powers will not remain in effect if the Principal becomes incapacitated or disabled. This document will, however, protect the Principal’s right to remain in control of their finances for as long as they are of sound mind.
The Principal may impose limitations and/or restrictions that the Agent must observe. The Agent should oversee the finances of the Principal as if the Principal were present and is making their own financial decisions. It is recommended that the Principal read through the entire document before it’s completed and signed. If there are any questions, the Principal may consider a consult with an attorney to be certain that the language is clear.
This document must be Notarized. The Principal may revoke this document at their own discretion, in writing and delivered to the Agent as notice that their services are no longer required in any way.
How to Write
Step 1 –The Principal must review all of the following titled sections:
- Notice
- Incapaciation
- Revocation
- Witness and Notary
Step 2 – The Parties – Enter the information as follows:
- Principal’s name
- Street Address
- City
- State
- AND
- Agent’s name
- Agent’s Street Address
- City
- State
- AND
- Provide the name of state in which the document is being executed
- AND
- Submit the name of a Successor Agent, in the event that the original Agent should become unable or unwilling to serve the requirements of this document
- Successor Agent’s Street Address
- City
- State
- AND
- The state where the document will be exectured
Step 3 – Principal – Review the additional titled sections:
- Terms and Conditions
- Third Parties
- Compensation
- Disclosure
Step 4 – Signatures – Only to be signed before a Notary Public:
- The Principal must submit their signature
- Date the signature in dd/mm format
- AND
- Printed name of the Agent
- Read the information regarding the acknowledgement
- The Agent must submit their signature
- Date the signature in mm/dd/yyyy format
- AND
- Enter the printed name of the Successor Agent
- Successor Agent must read the information provided
- The Successor Agent must submit their signature
- Date the signature in mm/dd/yyyy format
Step 5 – Notary Acknowledgement –
When the Notary has has the opportunity to witness all of the signatures, they will then enter all of their required information that would acknowledge the document
Step 6 – Acknowledgement and Acceptance of Powers by Agents – Enter the following:
- Print the respective names of each Agent
- The Agent’s must enter their signatures
- Date their signatures in mm/dd/yyyy format
Step 7 – Witness Attestation (OPTIONAL) – Both witnesses must read the information provided:
- Enter the printed names of each witness in the same paragraph
- Each witness must provide signatures
